SolarWinds Co. (NYSE:SWI) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of SolarWinds Co. (NYSE:SWI) by 18.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,470 shares of the software maker’s stock after buying an additional 2,574 shares during the quarter. Pacer Advisors Inc.’s holdings in SolarWinds were worth $235,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new position in shares of SolarWinds in the 3rd quarter valued at $3,673,000. Franklin Resources Inc. increased its stake in SolarWinds by 6.2% in the third quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker’s stock valued at $386,000 after purchasing an additional 1,760 shares during the period. Barclays PLC raised its holdings in shares of SolarWinds by 170.1% in the third quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock valued at $1,233,000 after buying an additional 59,532 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of SolarWinds during the third quarter worth about $226,000. Finally, Geode Capital Management LLC grew its holdings in shares of SolarWinds by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker’s stock worth $16,839,000 after buying an additional 16,730 shares during the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

Insider Buying and Selling

In other SolarWinds news, CEO Sudhakar Ramakrishna sold 200,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $13.68, for a total value of $2,736,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,212,171 shares of the company’s stock, valued at approximately $30,262,499.28. This trade represents a 8.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.95% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SWI shares. Robert W. Baird increased their price objective on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Royal Bank of Canada lifted their price objective on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Scotiabank boosted their price objective on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Wedbush started coverage on shares of SolarWinds in a report on Thursday, December 19th. They issued an “outperform” rating and a $20.00 target price on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.80.

SolarWinds Price Performance

Shares of NYSE SWI opened at $15.00 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. SolarWinds Co. has a one year low of $10.14 and a one year high of $15.14. The firm has a market capitalization of $2.56 billion, a P/E ratio of 68.16 and a beta of 0.94. The company’s fifty day moving average is $14.29 and its two-hundred day moving average is $13.25.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.